
Hormel Foods Corp
NYSE:HRL

Income Statement
Earnings Waterfall
Hormel Foods Corp
Revenue
|
11.9B
USD
|
Cost of Revenue
|
-9.9B
USD
|
Gross Profit
|
2B
USD
|
Operating Expenses
|
-1B
USD
|
Operating Income
|
986.4m
USD
|
Other Expenses
|
-229.7m
USD
|
Net Income
|
756.8m
USD
|
Income Statement
Hormel Foods Corp
Jan-2015 | Apr-2015 | Jul-2015 | Oct-2015 | Jan-2016 | Apr-2016 | Jul-2016 | Oct-2016 | Jan-2017 | Apr-2017 | Jul-2017 | Oct-2017 | Jan-2018 | Apr-2018 | Jul-2018 | Oct-2018 | Jan-2019 | Apr-2019 | Jul-2019 | Oct-2019 | Jan-2020 | Apr-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Jan-2022 | May-2022 | Jul-2022 | Oct-2022 | Jan-2023 | Apr-2023 | Jul-2023 | Oct-2023 | Jan-2024 | Apr-2024 | Jul-2024 | Oct-2024 | Jan-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
9 469
N/A
|
9 503
+0%
|
9 407
-1%
|
9 264
-2%
|
9 162
-1%
|
9 182
+0%
|
9 296
+1%
|
9 523
+2%
|
9 511
0%
|
9 398
-1%
|
9 303
-1%
|
9 168
-1%
|
9 219
+1%
|
9 362
+2%
|
9 514
+2%
|
9 546
+0%
|
9 575
+0%
|
9 589
+0%
|
9 521
-1%
|
9 497
0%
|
9 521
+0%
|
9 599
+1%
|
9 690
+1%
|
9 608
-1%
|
9 685
+1%
|
9 869
+2%
|
10 352
+5%
|
11 386
+10%
|
11 970
+5%
|
12 460
+4%
|
12 630
+1%
|
12 459
-1%
|
12 386
-1%
|
12 267
-1%
|
12 195
-1%
|
12 110
-1%
|
12 136
+0%
|
12 046
-1%
|
11 981
-1%
|
11 921
-1%
|
11 913
0%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(7 858)
|
(7 811)
|
(7 670)
|
(7 455)
|
(7 240)
|
(7 194)
|
(7 242)
|
(7 365)
|
(7 358)
|
(7 285)
|
(7 213)
|
(7 171)
|
(7 272)
|
(7 410)
|
(7 559)
|
(7 566)
|
(7 605)
|
(7 643)
|
(7 596)
|
(7 613)
|
(7 657)
|
(7 726)
|
(7 828)
|
(7 782)
|
(7 877)
|
(8 063)
|
(8 544)
|
(9 458)
|
(9 953)
|
(10 366)
|
(10 454)
|
(10 294)
|
(10 264)
|
(10 207)
|
(10 144)
|
(10 110)
|
(10 123)
|
(10 021)
|
(9 965)
|
(9 899)
|
(9 924)
|
|
Gross Profit |
1 611
N/A
|
1 692
+5%
|
1 737
+3%
|
1 809
+4%
|
1 922
+6%
|
1 989
+3%
|
2 055
+3%
|
2 158
+5%
|
2 153
0%
|
2 113
-2%
|
2 090
-1%
|
1 997
-4%
|
1 947
-3%
|
1 952
+0%
|
1 955
+0%
|
1 979
+1%
|
1 969
0%
|
1 946
-1%
|
1 924
-1%
|
1 885
-2%
|
1 865
-1%
|
1 873
+0%
|
1 862
-1%
|
1 826
-2%
|
1 808
-1%
|
1 807
0%
|
1 808
+0%
|
1 928
+7%
|
2 016
+5%
|
2 094
+4%
|
2 176
+4%
|
2 165
-1%
|
2 122
-2%
|
2 060
-3%
|
2 052
0%
|
2 000
-3%
|
2 013
+1%
|
2 025
+1%
|
2 015
0%
|
2 022
+0%
|
1 989
-2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(665)
|
(689)
|
(721)
|
(744)
|
(795)
|
(795)
|
(817)
|
(872)
|
(873)
|
(842)
|
(812)
|
(760)
|
(768)
|
(792)
|
(827)
|
(842)
|
(832)
|
(798)
|
(766)
|
(727)
|
(730)
|
(753)
|
(754)
|
(762)
|
(762)
|
(768)
|
(813)
|
(854)
|
(883)
|
(907)
|
(903)
|
(879)
|
(875)
|
(863)
|
(932)
|
(942)
|
(989)
|
(1 043)
|
(1 012)
|
(1 005)
|
(1 002)
|
|
Selling, General & Administrative |
(665)
|
(689)
|
(721)
|
(744)
|
(773)
|
(795)
|
(817)
|
(872)
|
(872)
|
(842)
|
(812)
|
(759)
|
(768)
|
(792)
|
(827)
|
(807)
|
(815)
|
(780)
|
(749)
|
(695)
|
(730)
|
(753)
|
(754)
|
(729)
|
(762)
|
(768)
|
(814)
|
(819)
|
(883)
|
(907)
|
(903)
|
(845)
|
(875)
|
(863)
|
(932)
|
(908)
|
(961)
|
(1 015)
|
(983)
|
(969)
|
(1 002)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(34)
|
0
|
0
|
0
|
(33)
|
0
|
0
|
0
|
(32)
|
0
|
0
|
0
|
(34)
|
0
|
0
|
0
|
(35)
|
0
|
0
|
0
|
(34)
|
0
|
0
|
0
|
(36)
|
0
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
(22)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
(17)
|
(17)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(28)
|
(28)
|
(28)
|
0
|
0
|
|
Operating Income |
946
N/A
|
1 003
+6%
|
1 017
+1%
|
1 065
+5%
|
1 127
+6%
|
1 194
+6%
|
1 238
+4%
|
1 286
+4%
|
1 279
-1%
|
1 271
-1%
|
1 278
+1%
|
1 237
-3%
|
1 178
-5%
|
1 160
-2%
|
1 128
-3%
|
1 138
+1%
|
1 137
0%
|
1 148
+1%
|
1 158
+1%
|
1 157
0%
|
1 135
-2%
|
1 120
-1%
|
1 108
-1%
|
1 064
-4%
|
1 046
-2%
|
1 039
-1%
|
994
-4%
|
1 075
+8%
|
1 134
+5%
|
1 186
+5%
|
1 273
+7%
|
1 286
+1%
|
1 247
-3%
|
1 197
-4%
|
1 120
-6%
|
1 058
-6%
|
1 024
-3%
|
982
-4%
|
1 004
+2%
|
1 017
+1%
|
986
-3%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
5
|
11
|
12
|
14
|
20
|
24
|
27
|
32
|
39
|
39
|
35
|
42
|
51
|
50
|
61
|
60
|
46
|
56
|
50
|
52
|
58
|
42
|
52
|
51
|
56
|
69
|
59
|
52
|
24
|
1
|
(1)
|
(8)
|
4
|
11
|
5
|
(16)
|
(6)
|
1
|
(2)
|
19
|
7
|
|
Non-Reccuring Items |
0
|
0
|
0
|
(22)
|
0
|
(23)
|
(23)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
0
|
(26)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
951
N/A
|
1 013
+7%
|
1 029
+1%
|
1 057
+3%
|
1 147
+9%
|
1 196
+4%
|
1 242
+4%
|
1 317
+6%
|
1 318
+0%
|
1 309
-1%
|
1 313
+0%
|
1 279
-3%
|
1 229
-4%
|
1 210
-2%
|
1 190
-2%
|
1 181
-1%
|
1 183
+0%
|
1 204
+2%
|
1 208
+0%
|
1 210
+0%
|
1 193
-1%
|
1 161
-3%
|
1 160
0%
|
1 115
-4%
|
1 102
-1%
|
1 108
+1%
|
1 053
-5%
|
1 126
+7%
|
1 158
+3%
|
1 187
+3%
|
1 273
+7%
|
1 278
+0%
|
1 250
-2%
|
1 207
-3%
|
1 125
-7%
|
1 013
-10%
|
1 018
+0%
|
983
-3%
|
1 001
+2%
|
1 035
+3%
|
968
-7%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(327)
|
(350)
|
(357)
|
(370)
|
(397)
|
(411)
|
(408)
|
(427)
|
(427)
|
(423)
|
(440)
|
(432)
|
(377)
|
(331)
|
(283)
|
(242)
|
(305)
|
(281)
|
(295)
|
(231)
|
(212)
|
(236)
|
(230)
|
(206)
|
(214)
|
(220)
|
(191)
|
(217)
|
(232)
|
(227)
|
(271)
|
(278)
|
(272)
|
(274)
|
(248)
|
(221)
|
(224)
|
(217)
|
(221)
|
(231)
|
(212)
|
|
Income from Continuing Operations |
624
|
664
|
672
|
687
|
750
|
785
|
834
|
891
|
891
|
886
|
873
|
847
|
852
|
879
|
907
|
940
|
878
|
923
|
912
|
979
|
981
|
926
|
930
|
908
|
888
|
888
|
862
|
909
|
927
|
960
|
1 002
|
1 000
|
978
|
934
|
878
|
793
|
794
|
766
|
780
|
805
|
756
|
|
Income to Minority Interest |
(3)
|
(3)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(1)
|
(1)
|
(1)
|
0
|
(0)
|
(0)
|
(1)
|
0
|
(0)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
0
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
|
Net Income (Common) |
621
N/A
|
661
+6%
|
670
+1%
|
686
+2%
|
749
+9%
|
785
+5%
|
833
+6%
|
890
+7%
|
890
+0%
|
886
-1%
|
872
-1%
|
847
-3%
|
915
+8%
|
941
+3%
|
969
+3%
|
1 012
+4%
|
950
-6%
|
995
+5%
|
985
-1%
|
979
-1%
|
980
+0%
|
926
-6%
|
929
+0%
|
908
-2%
|
888
-2%
|
888
+0%
|
862
-3%
|
909
+6%
|
926
+2%
|
960
+4%
|
1 002
+4%
|
1 000
0%
|
978
-2%
|
934
-5%
|
878
-6%
|
794
-10%
|
795
+0%
|
767
-4%
|
781
+2%
|
805
+3%
|
757
-6%
|
|
EPS (Diluted) |
1.16
N/A
|
1.23
+6%
|
1.24
+1%
|
1.27
+2%
|
1.38
+9%
|
1.45
+5%
|
1.54
+6%
|
1.64
+6%
|
1.65
+1%
|
1.64
-1%
|
1.62
-1%
|
1.57
-3%
|
1.68
+7%
|
1.73
+3%
|
1.78
+3%
|
1.86
+4%
|
1.73
-7%
|
1.82
+5%
|
1.81
-1%
|
1.8
-1%
|
1.81
+1%
|
1.71
-6%
|
1.71
N/A
|
1.66
-3%
|
1.63
-2%
|
1.63
N/A
|
1.58
-3%
|
1.66
+5%
|
1.69
+2%
|
1.75
+4%
|
1.83
+5%
|
1.82
-1%
|
1.79
-2%
|
1.71
-4%
|
1.61
-6%
|
1.45
-10%
|
1.46
+1%
|
1.4
-4%
|
1.42
+1%
|
1.47
+4%
|
1.38
-6%
|